Tennessee River Gorge Trust Inc
- Assets
- $19.5m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 7
- Location
- Chattanooga, TN
- Founding
- 09/1986
- Data as of
- 12/2021
- EIN
- 62-1278612
Organization Overview
Tennessee River Gorge Trust Inc is located in Chattanooga, TN. The organization was established in 1986. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 12/2021, Tennessee River Gorge Trust Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee River Gorge Trust Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Tennessee River Gorge Trust Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $813.3k during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONSERVATION AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE A HEALTHY TENNESSEE RIVER GORGE AS A COMMUNITY TREASURE FOR GENERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Brickhouse Board Chair | OfficerTrustee | 1 | $0 |
Vivian Lozano Vice Chair | OfficerTrustee | 1 | $0 |
Scott Smith Treasurer | OfficerTrustee | 1 | $0 |
Annette Allen Director | Trustee | 1 | $0 |
Henry Lodge Director | Trustee | 1 | $0 |
Van Bunch Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $45,152 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $616,747 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $661,899 |
| Total Program Service Revenue | $517,824 |
| Investment income | $112,698 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $361,735 |
| Net Income from Fundraising Events | $17,457 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,852,216 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $119,210 |
| Compensation of current officers, directors, key employees. | $26,226 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,787 |
| Pension plan accruals and contributions | $17,500 |
| Other employee benefits | $25,131 |
| Payroll taxes | $25,774 |
| Fees for services: Management | $44,474 |
| Fees for services: Legal | $57,504 |
| Fees for services: Accounting | $19,083 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,481 |
| Advertising and promotion | $13,678 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,054 |
| Travel | $6,727 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,387 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,299 |
| Insurance | $45,062 |
| All other expenses | $9,272 |
| Total functional expenses | $813,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,937 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $40,000 |
| Accounts receivable, net | $444,257 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,785,160 |
| Prepaid expenses and deferred charges | $2,666 |
| Net Land, buildings, and equipment | $11,132,976 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,471,996 |
| Accounts payable and accrued expenses | $56,525 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $813,164 |
| Total liabilities | $869,689 |
| Net assets without donor restrictions | $18,536,654 |
| Net assets with donor restrictions | $65,653 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,471,996 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Tennessee River Gorge Trust Inc has recieved totaling $360,866.
| Awarding Organization | Amount |
|---|---|
Tucker Foundation Ooltewah, TN PURPOSE: GENERAL SUPPOR T- LAND ACQUISITIONS | $300,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $25,550 |
Illges-Chenoweth Foundation Inc Lubbock, TX PURPOSE: ENVIRONMENTAL PROTECTION | $11,250 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: SUPPLIES FOR STEWARDSHIP AND RESEARCH PROGRAMS | $7,000 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: UNRESTRICTED | $6,000 |
Endowment Analysis
| Beg. Balance | $1,510,819 |
| Earnings | $197,128 |
| Other Expense | $25,960 |
| Ending Balance | $1,681,987 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Trust For Tomorrow Fairfield, NC | $3,019,390 | $8,833,485 |
Lifewater Inc Bentonville, AR | $3,826,625 | $8,037,007 |
James River Association Richmond, VA | $10,495,721 | $10,578,861 |
Restore Americas Estuaries Arlington, VA | $2,538,068 | $5,189,869 |
Wine To Water Boone, NC | $5,319,856 | $5,244,290 |
Cumberland River Compact Inc Nashville, TN | $19,056,025 | $3,153,928 |
The Barn Group Land Trust Inc Brooks, GA | $16,806,852 | $12,541,051 |
Turpentine Creek Foundation Inc Eureka Springs, AR | $4,777,127 | $3,809,928 |
Ozarks Environmental Services Kimberling City, MO | $1,364,072 | $2,517,937 |
Virgina Maritime Association Inc Norfolk, VA | $2,448,779 | $2,548,472 |
Freshwater Land Trust Birmingham, AL | $42,766,765 | $3,412,437 |
Chattahoochee Riverkeeper Inc Atlanta, GA | $5,712,357 | $2,159,639 |